NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,265,802 shares of the utilities provider's stock after buying an additional 49,725 shares during the period. NextEra Energy accounts for 1.8% of Border to Coast Pensions Partnership Ltd's investment portfolio, making the stock its 9th largest position. Border to Coast Pensions Partnership Ltd owned 0.06% of NextEra Energy worth $90,684,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at approximately $27,000. Semmax Financial Advisors Inc. raised its position in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 225 shares during the period. Burkett Financial Services LLC lifted its stake in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Quarry LP purchased a new position in shares of NextEra Energy during the 3rd quarter worth $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy during the 3rd quarter worth about $39,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.8 %

NYSE:NEE traded down $0.54 during midday trading on Friday, hitting $70.83. 12,662,751 shares of the company were exchanged, compared to its average volume of 7,419,646. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a market capitalization of $145.66 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The company has a fifty day simple moving average of $73.50 and a 200 day simple moving average of $77.17.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company's stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NEE. Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Morgan Stanley lowered their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Finally, Guggenheim lifted their target price on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $87.15.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.